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China Seeks Road, River Route Via Ayeyarwady for Economic Corridor

China is planning to build vital trade and logistics links with Myanmar along the Ayeyarwady River as part of the China-Myanmar Economic Corridor (CMEC) to bypass poor road infrastructure. Proposed by China in November 2017 as part of its global Belt and Road Initiative, the CMEC is expected to connect China’s Yunnan Province with Mandalay […]

AirAsia Group Seeks Partners in Cambodia, China, Myanmar

After a brief halt, AirAsia Group has resumed its overtures to partners in Cambodia, China, and Myanmar as it seeks to found new franchise units in these countries. However, it has abandoned plans to launch a unit in Viet Nam, Group Chief Executive Officer Tony Fernandes told Nikkei in an interview. Fernandes added that the […]

Dawei SEZ Draws Investor Interest, but Lacks Infrastructure

Businesses from China, Thailand, Korea and Japan, including those from the power and logistics sectors, have said they are keen to invest in the Dawei Special Economic Zone (SEZ) in Tanintharyi, which is near the Thai border. Investor interest in Dawei, which has yet to be developed, has been on the rise since Myanmar and […]

Local Company Wins Gold Medal for Locally Produced Honey

Local company Smile Happy Co Ltd received recognition from the International Federation of Beekeepers’ Associations at the World Beekeeping Awards held during the 46th Apimondia Congress that took place in Montreal, Canada, in September. The company won a gold medal for its light-coloured honey during the event. “The company won the medal in Montreal for […]

Yangon Hotel Rates Remain a Bargain

YANGON, 8 November 2019: Yangon will close 2019 with at least 400 new rooms in the city’s highly competitive upper-scale hotel segment, according to the latest Colliers International Myanmar report. That pushes the room total from 5,300 in the four and five-star categories at the close of the second quarter of this year to 5,700 […]

Japan’s Taiyo Life goes big on hiring in Myanmar’s tiny insurance market

YANGON — Japan’s Taiyo Life Insurance says it aims to have thousands of salespeople knocking on the doors of potential customers in Myanmar once it gets full approval in a country where the concept of insurance is new to most people. The midsize insurer seeks to increase its sales force in Myanmar to 5,000 from […]

Two Chinese Airlines Start Direct Flights from Yangon

Yangon Aerodrome Co Ltd, operator of Yangon International Airport (YIA), has announced the launch of Qingdao Airlines’ direct flight between Yangon and Ningbo in Zhejiang, China. Qingdao Airlines will operate an Airbus A320 aircraft with the capacity for 180 passengers for the new service that will operate every Monday and Friday between Yangon and Ningbo, […]

TCP Targets Myanmar with Plant

TOA-Chugoku Paints (TCP) has earmarked 500 million baht to construct its first overseas paint factory in Myanmar, expecting to capture demand from megaprojects. The new factory will produce two paint products — heavy-duty coating and marine paint — with a monthly capacity of 300 tonnes. The project will be located in Thilawa Special Economic Zone […]

Japan tops list of foreign investors in Myanmar SEZs

Foreign investments of US$362.28 million flowed into the Special Economic Zones (SEZs), under the Special Economic Zone Law, in the 2018-2019 fiscal year, according to figures released by the Directorate of Investment and Company Administration, Myanmar state media reported. A total of 106 enterprises from 18 countries and four local businesses have ploughed in $1.84 […]

Thilawa SEZ set to benefit from east west economic corridor

The Thilawa Special Economic Zone near Yangon is set to become a vital link in the East West Economic Corridor linking Myanmar, Thailand, Laos, Cambodia and Vietnam says an official from the Japan International Cooperation Agency (JICA). The East West Economic Corridor development project aims to link transportation and logistics networks to promote investment and […]